Elizabeth Lopatto / The Verge:

SEC sues parent company of crypto-friendly Silvergate Bank and execs, saying ~$9B in suspicious FTX transfers weren't caught and its AML compliance was poor  —  Silvergate Bank, once a cornerstone of the crypto financial world until its collapse in early 2023, defrauded its investors by lying …

Elizabeth Lopatto / The Verge:

SEC sues parent company of crypto-friendly Silvergate Bank and execs, saying ~$9B in suspicious FTX transfers weren't caught and its AML compliance was poor  —  Silvergate Bank, once a cornerstone of the crypto financial world until its collapse in early 2023, defrauded its investors by lying …

Source: TechMeme
Source Link: http://www.techmeme.com/240701/p16#a240701p16